Category: Valaris
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Rig gigs of $900 million push Valaris’ backlog to $4.7 billion
Rig gigs of $900 million push Valaris’ backlog to $4.7 billion Bermuda-incorporated offshore drilling contractor Valaris has secured a batch of new drillship and jack-up rig assignments and extensions in Africa, Asia-Pacific, Europe, and North and South America. The post Rig gigs of $900 million push Valaris’ backlog to $4.7 billion appeared first on Offshore Energy.…
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Transocean and Valaris to combine in $5.8BN all-share deal
Transocean and Valaris to combine in $5.8BN all-share deal Offshore drilling contractors Transocean Ltd (NYSE: RIG) and Valaris Limited (NYSE: VAL) have signed a definitive agreement to combine the two companies under a deal that will see Transocean acquire Valaris in an all stock transaction valued at approximately $5.8 billion. The shareholding percentages of the…
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Transocean’s play for Valaris forging $17 billion offshore drilling giant with 73 rigs
Transocean’s play for Valaris forging $17 billion offshore drilling giant with 73 rigs Transocean has made a multibillion-dollar merger move on Valaris to breathe life into a combined company with a diversified offshore fleet of 73 rigs, including 33 ultra-deepwater drillships, nine semi-submersibles, and 31 modern jack-ups, to meet emerging growth opportunities. The post Transocean’s…
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Valaris books $300 million Shell drilling contract offshore Brazil
Valaris books $300 million Shell drilling contract offshore Brazil Offshore drilling contractor Valaris Limited [NYSE: VAL] reports that Shell has awarded it a multi-year contract offshore Brazil for its drillship Valaris DS-8. The contract is expected to commence in the first quarter of 2027, with an estimated duration of approximately 800 days and a total…
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Keel laying for third out of 20 planned jack-ups done, with fourth rig in the pipeline
Keel laying for third out of 20 planned jack-ups done, with fourth rig in the pipeline Aside from a deal to build a fourth jack-up in a series of 20 planned newbuild Saudi-operated and manufactured offshore rigs, which has been signed by International Maritime Industries (IMI) and ARO Drilling, a 50/50 joint venture between Valaris…
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Shell, BP, Ithaca, GE Vernova book Valaris’ five rigs for oil & gas and offshore wind jobs
Shell, BP, Ithaca, GE Vernova book Valaris’ five rigs for oil & gas and offshore wind jobs Bermuda-incorporated offshore drilling contractor Valaris has divested one mobile offshore drilling unit (MODU) from its fleet and found multimillion-dollar assignments for five rigs within the oil and gas and offshore wind realms. The post Shell, BP, Ithaca, GE Vernova…
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North Sea field closing 56-year gas chapter as Eni explores its CCS future
North Sea field closing 56-year gas chapter as Eni explores its CCS future Italy’s oil and gas giant Eni has drilled an appraisal well for a veteran field in the UK sector of the North Sea to assess its potential for carbon capture and storage (CCS). The post North Sea field closing 56-year gas chapter…
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BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East
BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East Offshore drilling contractor Valaris has secured a new multimillion-dollar assignment for its 12-year-old drillship off the coast of Egypt with BP Exploration Delta, a subsidiary of the UK-headquartered energy giant BP. The post BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East…
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Billion-dollar rig jobs raise Valaris’ backlog to $4.7B
Billion-dollar rig jobs raise Valaris’ backlog to $4.7B Valaris has won a new batch of rig assignments and extensions, enabling three drillships and three jack-ups to secure work in different geographies. The post Billion-dollar rig jobs raise Valaris’ backlog to $4.7B appeared first on Offshore Energy. Melisa Cavcic Go to offshore energy biz
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Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off?
Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off? Transocean, Noble Corporation, Valaris, Seadrill, Shelf Drilling, and ADES have reported a combined total backlog of $31.17 billion in the first quarter of 2025. The post Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold…
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Valaris drillship going to West Africa for multimillion-dollar gig
Valaris drillship going to West Africa for multimillion-dollar gig Valaris has won a multi-well drilling assignment for one of its drillships in West Africa with an undisclosed oil and gas operator. The post Valaris drillship going to West Africa for multimillion-dollar gig appeared first on Offshore Energy. Melisa Cavcic Go to offshore energy biz
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Valaris rig on the move as ExxonMobil’s drilling ops end in non-commercial gas volumes
Valaris rig on the move as ExxonMobil’s drilling ops end in non-commercial gas volumes ExxonMobil and QatarEnergy have wrapped up drilling activities off the coast of Cyprus, carried out with a drillship owned by Valaris, an offshore drilling contractor. The post Valaris rig on the move as ExxonMobil’s drilling ops end in non-commercial gas volumes…
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Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs
Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs Valaris has taken steps to optimize its rig fleet by deciding to put three semi-submersible units out of drilling work for good and divest a stacked jack-up rig. The rig owner has also won a new batch of drilling assignments spanning…
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ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as Cyprus and Egypt sow the seeds of energy bonds
ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as Cyprus and Egypt sow the seeds of energy bonds ExxonMobil and QatarEnergy have fired the starting gun on drilling activities off the coast of Cyprus, using one of the drillships owned by Valaris. The post ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as…